Sage Capital Markets Day: Our Model Was Fantastic Until The Internet Came Along

Sage today presented their future strategy to analysts at a Capital Markets Day in London. The presentation touched on quite a bit of information about future plans as well as an update on some of the key performance indicators that analysts should expect to see.

The prime takeaways (other than financial) are:

Everything will be considered globally . This applies to organizational structure as well as products – which will be categorized now as Growth or Heritage. There are three global products: Sage One, X3 and Sage Life.

Sage is pushing for 85-90% recurring revenue from high quality sources.

First up was Stephen Kelly to kick off the presentation with some candid observations:

Reimagining business
Sage Life
New ways of working
One Sage
Global function

Message:
The raised ambition, champion of small and medium businesses
It all starts with customers for life
We genuinely want to be a customer with flawless awesome execution for shareholders and customers.